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Environment & Energy

FERC Largely Upholds PJM Capacity Auction Overhaul (1)

April 16, 2020, 3:21 PM

Federal energy regulators largely upheld a controversial December ruling that critics say favors fossil fuel generators over carbon free sources in the biggest U.S. power market.

  • FERC Chairman Neil Chatterjee said the commission would agree to clarify some parts of the changes ordered to PJM capacity market
  • New Jersey, Illinois, Maryland criticized the order, which they say will make it more difficult to meet carbon reduction goals
  • “Today’s order makes clear that the commission continues to find that a broad MOPR, with certain limited exceptions, is an effective way to address the price distortions caused by state subsidy,” Chatterjee said...

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